Park Hotels & Resorts (PK) Tops Q4 EPS by 18c, Revenues Beat; Provides FY20 EPS Outlook
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Park Hotels & Resorts Inc. Reports Fourth Quarter and Full Year 2019 Results
February 26, 2020 4:15 PM ESTTYSONS, Va.--(BUSINESS WIRE)-- Park Hotels & Resorts Inc. (Park or the Company) (NYSE: PK) today announced results for the fourth quarter and full year ended December 31, 2019. Highlights include:
Fourth Quarter 2019 Highlights
Pro-forma Comparable RevPAR was $178.39, an increase of 0.7% from the same period in 2018; Excluding renovation displacement at The Reach Key West, Curio Collection, Pro-forma Comparable RevPAR increased 1.1% from the same period in 2018; Pro-forma Comparable Total RevPAR was $275.63, an increase of 2.1% from the same period in 2018; Net income was $126 million and net income attributable to... More